Current Stock Price

Rivian Stock: Price Predictions and Forecasts

Current Stock Price

As of July 25, 2023, the closing price for Rivian Automotive (RIVN) stock was $26.82.

Analyst Price Predictions

12-Month Price Target

According to a survey of 23 analysts, the average 12-month price target for RIVN is $173. The lowest estimate is $90, while the highest is $300.

Long-Term Price Forecast

Analysts are generally bullish on Rivian's long-term prospects. According to a report by Goldman Sachs, RIVN could reach a price target of $450 by 2025. This implies a potential return of over 50% from current levels.

Factors Influencing Price Predictions

Several factors are influencing analyst price predictions for RIVN, including:

* Strong demand for electric vehicles * Rivian's innovative technology * Potential for partnerships and acquisitions * Competition from established automakers

Conclusion

While analyst price predictions can provide valuable insights, investors should remember that they are only estimates and not guaranteed outcomes. It is essential to conduct independent research and consider the broader market conditions before making any investment decisions. Rivian's stock price is likely to fluctuate based on various factors, including the performance of the company, industry trends, and overall market sentiment.